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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

513097

Report Date :

28.06.2018

 

IDENTIFICATION DETAILS

 

Name :

POLLUTION CONTROL EQUIPMENTS

 

 

Registered Office :

No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri - 635126, Tamilnadu

Mobile No.:

91-9443618842 (Mr. Rathinasamy Kalaperumal)

Website:

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Establishment :

02.11.2007

 

 

Capital Investment / Paid-up Capital :

INR 9.155 Lacs

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable

 

 

PAN No.:

[Permanent Account No.]

AEIPR7017N

 

 

GSTN :

[Goods & Service Tax Registration No.]

33AEIPR7017N1Z3

 

 

Shop & Establishment Certificate No.

--

 

 

MSME Registration Number:

330311101907   Date: 01.11.2010

 

 

Udyog Aadhar No.:

---

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Manufacturer of Blowers, Dust Collectors and Structural.

 

 

No. of Employees :

05 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Small concern

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Pollution Control Equipments is a manufacturer of blowers, dust collectors and structural. It is a relatively small proprietary concern started in the year 2007 and is based in Tamilnadu, India.

 

For the financial year ended 2017, the concern has witnessed a growth in its revenue and has achieved good profit margin at 15.85% (approx.)

 

However, rating remains constrained on account of concern’s small scale of operational activities along with low cash balance and moderate capital base.

 

Trade relations are reported as fair. Business is active. Payments are seems to be slow but correct.



The concern can be considered for business dealings with some caution.

 

 

Note:

Site visit was conducted at the address which you have provided. Our executive has successfully traced the concern at the given address.


At the premises, our executive met Mr. Rathinasamy Kalaperumal (Proprietor) who confirmed existence of the concern at the given address.

 

As per our executive observation, it is a factory type premises. Locality of the premises appears to be industrial, area seems to be neutral and area of the premises is 5000 (sq. ft.) (approx.)


Name board of the concern was sighted at the given premises. Landmark of the area is “Vinayak Temple” and 5 (approx.) employees were sighted at the premises.


Our executive also had a word with the neighbours of the concern i.e., “Inbha Engineering” and “C.R.P. Engineering Works” who confirmed that concern exists at the given address.

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(31.12.2017)

Current Rating

(01.04.2018)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 28.06.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION PARTED BY

 

Name :

Mr. Rathinasamy Kalaperumal

Designation :

Proprietor

Contact No.:

91-9443618842

Date :

20.06.2018

 

LOCATIONS

 

Registered Office / Factory:

No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri - 635126, Tamilnadu, India

Tel. No.:

Not Available

Mobile No.:

91-9443618842 (Mr. Rathinasamy Kalaperumal)

E-Mail :

pcequipments@gmail.com

Area:

5000 Sq. Ft. (As per site visit)

Locality:

Industrial (As per site visit)

 

 

SOLE PROPRIETOR

 

Name :

Mr. Rathinasamy Kalaperumal

Designation :

Proprietor

Address :

1/354-2, Nethaji Nagar, Zuzuvadi, Hosur, Krishnagiri - 635126, Tamilnadu, India 

Date of Birth/Age :

17.05.1964

PAN No.:

AEIPR7017N

Aadhaar no:

3949 6675 0847

 

DETAILS OF GROUP COMPANIES

 

Nil

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Blowers, Dust Collectors and Structural.

 

 

Products and Services:

  • Blowers
  • Dust Collectors and Structural

 

 

Agencies Held :

--

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

L/C and Credit (30/ 60 Days) RTGS/NEFT)

 

 

Purchasing :

L/C and Credit (30/ 60 Days) RTGS/NEFT)

 

 

GENERAL INFORMATION

 

Suppliers :

  • Andavar Steels, Hosur
  • Kaveri Industrial Gases, Hosur
  • S.S. Steels, Hosur

 

 

Customers :

Wholesalers, End Users, Trading Firms and Manufacturer

 

  • Ion Exchange (India) Limited, Hosur
  • APL Apollo Tubes Limited, Hosur

 

 

No. of Employees :

05 (Approximately)

 

 

Bankers :

Banker Name :

ICICI Bank Limited

Branch Address

A.S.L. Plaza, Bye-Pass Road, Hosur, Krishnagiri - 635109, Tamilnadu, India

Name of the Relationship Manager

Mr. Sindhuja Srinivasan

Account Number

015605002586

Telephone No:

91-7305667777

Mobile No:

91-7550065316

Type of Account:

Overdraft

Credit Facilities Enjoyed (CC/OD/Term Loan) :

INR 2.000 Lacs

IFSC Code :

ICIC0000156

Branch code:

000156

MICR Code:

635229402

Email:

Sindhuja.srinivasan@icicibank.com

 

Auditors :

 

Name :

Sundaram and Company

(C. Muthukalai)

Chartered Accountants

Memberships No:

025031

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

LITIGATIONS

 

NIL

 

CAPITAL STRUCTURE

 

As on: 31.03.2017

 

Particular

Amount

(INR in Lacs

Opening Balance

8.344

Add: Profit During the year

3.825

Less: Drawings

(3.014)

Total

9.155

 

 

 


 

FINANCIAL DATA

[all figures are INR Lacs]

 

ABRIDGED BALANCE SHEET

 

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

SHAREHOLDERS FUNDS

 

 

 

1] Proprietor’s Capital Account

9.155

8.345

7.900

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

9.155

8.345

7.900

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

0.000

0.000

0.000

TOTAL BORROWING

0.000

0.000

0.000

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

9.155

8.345

7.900

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

4.385

4.956

5.618

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

0.396

0.268

0.433

 

Sundry Debtors

6.182

3.375

3.550

 

Cash & Bank Balances

0.387

0.251

0.065

 

Other Current Assets

0.000

0.000

0.000

 

Loans & Advances

0.050

0.050

0.050

Total Current Assets

7.015

3.944

4.098

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

2.453

0.225

0.195

 

Other Current Liabilities

(0.906)

0.014

1.347

 

Provisions

0.698

0.316

0.274

Total Current Liabilities

2.245

0.555

1.816

Net Current Assets

4.770

3.389

2.282

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

9.155

8.345

7.900

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

24.121

11.921

10.986

 

Other Income

2.835

1.601

0.274

 

TOTAL

26.956

13.522

11.260

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Goods Sold

13.085

3.561

3.221

 

Freight Charges

0.136

0.068

0.042

 

Wages

6.723

3.237

2.724

 

Electricity Charges

0.391

0.331

0.311

 

Travelling Expenses

0.240

0.221

0.210

 

Postage and Courier

0.003

0.002

0.004

 

Vehicle Maintenance

0.269

0.246

0.226

 

Staff Welfare

0.192

0.161

0.138

 

Printing and Stationery

0.041

0.032

0.023

 

Machinery maintenance

0.661

1.016

0.342

 

Bonus Paid

0.268

0.241

0.236

 

Telephone Expenses

0.081

0.078

0.070

 

Audit Fees

0.060

0.060

0.060

 

Accounting Charges

0.120

0.120

0.120

 

General Expenses

0.027

0.026

0.032

 

TOTAL

22.297

9.400

7.759

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, DEPRECIATION AND AMORTISATION

4.659

4.122

3.501

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.264

0.292

0.271

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION

4.395

3.830

3.230

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.570

0.662

0.769

 

 

 

 

 

 

NET PROFIT

3.825

3.168

2.461

 


 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

93.55

103.34

117.95

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.90

3.53

3.09

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

68.43

23.06

22.10

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.20

0.06

0.19

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.25

0.07

0.23

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.48

0.59

0.71

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

17.65

14.12

12.92

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

15.86

26.57

22.40

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

33.55

35.60

25.33

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

41.78

37.96

31.15

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

3.12

7.11

2.26

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

2.95

6.62

2.02

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.80

0.94

0.81

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

3.12

7.11

2.26

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are INR Lacs]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In lacs

INR In lacs

INR In lacs

Proprietor’s Capital Account

7.900

8.345

9.155

Reserves & Surplus

0.000

0.000

0.000

Net worth

7.900

8.345

9.155

 

 

 

 

Secured Loans

0.000

0.000

0.000

Unsecured Loans

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In lacs

INR In lacs

INR In lacs

Sales

10.986

11.921

24.121

 

 

8.511

102.340

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In lacs

INR In lacs

INR In lacs

Sales

10.986

11.921

24.121

Profit

2.461

3.168

3.825

 

22.40%

26.57%

15.86%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

Yes

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

Yes

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

---

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

FIXED ASSETS:

 

 

 

OBSERVATION POINTS

 

Name of Company :

POLLUTION CONTROL EQUIPMENTS

 

 

Address :

No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri - 635126, Tamilnadu, India

 

 

Mobile No.:

91-9443618842

 

 

Email:

pcequipments@gmail.com

 

 

Person to whom we met:

Mr. Rathinasamy Kalaperumal        Designation : Proprietor

 

 

Name Board :

Sighted

 

 

Location:

Easy

 

 

Landmark :

Vinayak Temple

 

 

Total Floors of the building:

Factory Type Premises

 

 

Locality:

Industrial

 

 

Area of premises :

5000 Sq. Ft.

 

 

Area :

Neutral

 

 

Level of operation :

Medium

 

 

Details of hypothecation signboard (If Any) (As displayed in factory / work) :-

 

 

No. of employees seen at premises:

05 (Approximately)

 

 

Visibility of Items:

·         Telephone

·         Office Equipment

·         Xerox Machine

 

 

Furniture items sighted :

Yes

 

 

Proof of visit:

Photograph / Visiting Card (Neighbour’s)

 

Photographs: Exterior with name board/ Interior / Shop Floor / Stock etc.

 

 

Neighbour’s interview :

Company of Company: Inbha Engineering 

Contact person: Mr. R. Mani

Neighbour’s overview : Existence Confirmed

 

Company of Company: C.R.P. Engineering Works

Contact person: Mr. Rajendren

Neighbour’s overview : Existence Confirmed

 

 

Details of the person conducting visit:

Name: Izran Ahmed

Designation: Field Executive

Contact No.: 91-9620707976

 

 


PICTURES

 

 

 

 

 

 

 

 

 

 

NEIGHBOURS

 

 

 

 

 

 

 


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report (as on 28.06.2018 (date of report) :

            No press reports / filings exists on the subject.

 

INFORMATION DETAILS

 

Information Gathered by :

SVD

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MTN

 


 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

 
 

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